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20121010
Search Results 0 to 15 of about 16 (some duplicates have been removed)
romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth abo
trillion tax cut on top of 2 trillion for our military. and essaying that he is going to pay for it by closing loopholes and deductions. the problem is that he has been asked over 100 times how you would close those deductions and loopholes, and he hasn't been able to identify them. >> i'm not look for a $5 trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost dis
directly affects our taxes, schools, roads, the quality of our air and water -- even our right to vote. politicians and lobbyists at the core of this clever enterprise figured out how to pull it off in an organized, camouflaged way, covering their tracks while they put one over on an unsuspecting public. this is the story of how and why it worked. our report was many months in the making. it's a collaboration between tom casciato and kathleen hughes, the filmmakers at okapi productions and the schumann media center that i head. schumann supports independent journalism and public watchdog groups like the center for media and democracy, whose investigators have been tracking the footprints of alec, an organization hiding in plain sight, yet one of the most influential and powerful in american politics. ♪ ♪ ♪ >> i've often told people that i talk to out on the campaign trail when they say "state what?" when i say i'm running for the state legislature. i tell them that the decisions that are made here in the legislature are often more important for your everyday life than the decisio
in order to get proposition 30, the tax measure that he wants very badly to win in november. so, how did he balance his act? >> as you might recall, many years ago, jerry brown expostulated the canoe theory of politics. you paddle on the left, you paddle on the right and you more or less go down the middle in an erratic sort of way. and that's how he approached the legislation that reached his desk this year. he paddled a little on the left, paddled a little on the right. he gave the interest groups a little something here, a little something there. but he didn't give them everything they wanted. and ipd think really what was underlying all of this is not just a essenticentrism, but he want to rock the boat. he didn't want anything to have reverberation to echo and to maybe alienate significant blocks of voters that might look poorly on him, on the capitol, on the legislature. he was saving the legislature from itself in many ways, because what he really wants to happen is the voters to pass his tax increase and anything that would cause great controversy and perhaps damage his image damage
of uncertainty in terms of tax and spending policy really in our history. >> reporter: his organization, the national retail federation, is forecasting a 4.1% gain. but the international council of shopping centers is more cautious, predicting an increase of less than 3%. shoppertrak and deloitte fall in the middle. some of the differences can be blamed on conflicting economic signs. higher home prices and stock prices are boosting consumer confidence. >> people are always looking for something to give them a real sort of positive outlook, something to make them feel better. shopping is pretty much one thing to make most people feel better if they can. >> reporter: but job growth is weak, and food and gasoline prices are rising. with so much uncertainty, you can expect to see lots of holiday promotions. but tv ads will come later. >> in normal years, we'd already start to see some holiday advertising taking place now. but because of the political elections that are coming up and the campaigns, there's virtually no airtime that retailers can afford to buy. >> reporter: but you can bet th
and poll taxes that kept blacks from voting for years in the south. >> i've seen this before. i lived this before. too many people struggled, suffered, and died to make this possible for every american to exercise their right to vote. ( applause ) >> suarez: nationwide pennsylvania is now one of 33 states with voter identification laws. it's one of five states with strict photo i.d. laws. the statutes have spawnd at least 15 legal challenges over everything from voter i.d. to early voting to culling voter rolls. in florida, the state republican party has filed a fraud complaint against the company it hired to register voters. as of friday at least 10 counties have spotted possibly fraudulent forms turned in by the firm. back in pennsylvania another eye peel to the state supreme court remains possible. in the meantime, the new rules have already been modified, prompting new coalitions to form with the aim of helping voters navigate the confusion. for more on how voter i.d. for more on how voter i.d. battles will play out in pennsylvania and elsewhere, we turn to daryl metcalfe, the rep
, but not on any resolution to the scheduled tax increases in government spending cuts. the nonpartisan tax policy center figures taxeses will go up by almost $3500 per household next year if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that
on jobs and taxes. >> president obama says he's creating jobs. but he's really creating debt. the facts are clear. obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how can we ever trust him here? >> brown: meanwhile, on the fox news channel last night, romney reversed course on his remark that 47% of americans don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and i absolutely believe, however, that my life has shown that i care about the 100% and
's that far down in the tax code. it is buried deep in the tax code. when it was passed it was never intended to be a national retirement stp. it was put in the tax code as a favorite to kodak and xerox who have headquarters up in rochester new york by the republican congressman barbara who came from that district. they wanted a tax shelter to give extra money to their executives. fast forward in the reagan administration somebody said let's give that to ordinary people. fast forward again. the mutual fund industry says wow we get ahold of all of those billions of dollars of retirement savings we can make a lot of money. power to the people. do it yourself. it's been a disaster for most americans. they don't save enough when they change jobs they take their money out. when times get rough, as they have been recently, neither the company nor the individual contributes with the result that the average balance is about $18,000 in a 401(k). if you're just on the cuss-of retirement this may be $85,000 for somebody in their 60s and who has been in the plan for 20 years. that's nowhere near enough.
president obama thanks to the wind energy tax credit designed to help these businesses grow. >> mitt romney's message is to get rid of the wind production tax credit. well, that's big here because we've got t.p.i. and trinity both producing wind turbines and wind towers, and that's a critical factor for us to keep those plants moving past 2013. >> reporter: o. kay henderson says these single issue voters add up quickly in such a small state. >> if iowa does again come down to a few thousand votes, these sort of narrow cast issues can have a huge effect. and so that is why you see the obama campaign pushing this so hard, because the wind energy industry has about 7,000 or 8,000 workers in iowa. >> reporter: then there is the fight in plain sight-- the >> romney would jeopardize thousands of jobs and knock the wind out of iowa's economy. >> a prairie fire of debt is sweeping across the nation. >> reporter: the negative ads are on >> reporter: the negative ads on almost every channel, every night. >> i mean, it's almost-- the ads border on being vulgar. >> reporter: steve bump has run a firepl
capital spending will pick up once there's clarity with respect to tax policy and deficit spending. and until we see that, there will be a holdback, which there has been in capital spending. after the election those issues should be resolved so we're looking for very robust 2013 market wise. the other piece of this is we really have not had a steady inflow in equity funds since 07 defight the market performance. and that's not true of fixed income, we expect that to actually come to fruition. >> tom: okay. some money to come off out of fixed income maybe into stocks, with sei. >> absolutely. >> tom: let's take a look at your previous picks, right after valentine's day february 15 we saw you, american capital a private equity public traded company up 30% plus. city national up 9%. do you still like these? >> definitely. believe it or not, american capital still trading at three times earnings, despite its appreciation. and it's a perfect play on mid cap companies in the u.s. and certainly monies cheap too. so it's a great way to play the recovery. >> tom: mark, do you own position i
different questions. and obviously a little more personals on taxes and promise the. >> yeah. you have been a team now for 25 years. >> right. >> the most successful team, i would say, since huntly brinkley whom you don't remember. i do. long-running team. very successful. what's next for you as journalists? >> i think that making that transition into english language and being able to reach all audiences and what i mean is not only hispanics that speak english but all audiences, to understand who we are. i think to elevate the position of latinos in this country and the role of latinos in this society is something that we sort of take on as a mission. >> to stay relevant it's very challenging right now to stay relevant when you have the internet, when you have social media. it's very difficult that your voice stays relevant and nothing gets lost among the noise. i think that's one of the most important things. and finally it has to do with trust. after 25 or 30 years if we say something and people trust what we say, that's the best a zblard maria and george, this has been a pleasure. >> th
Search Results 0 to 15 of about 16 (some duplicates have been removed)